š $PENGU /USDT: ON THE VERGE OF A MAJOR BREAKOUT šš
The $PENGU /USDT pair is currently trading at $0.038177, reflecting a significant 12.91% increase. The 24-hour high is $0.040916, and the 24-hour low is $0.033240. The trading volume is substantial, with 4.63 billion PENGU and 175.88 million USDT, indicating strong market activity. The recent price movement shows a bullish trend with a steady climb, suggesting potential for further upward movement.
š Trade Scenarios š
- Bullish Scenario: If the price breaks above the recent high of $0.040916, it could target $0.045000. TP: $0.045000, SL: $0.037500.
- Bearish Scenario: If the price fails to sustain above $0.038177 and breaks below $0.037500, it could retest the support at $0.033240. TP: $0.033240, SL: $0.040000.
š Market Outlook
The overall market sentiment for $PENGU/USDT remains bullish. Traders should watch for sustained volume and price action above the current levels to confirm the continuation of the upward trend. However, potential pullbacks should be monitored closely to manage risks effectively.
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